CB Insights

MAY 15, 2019

As fintech plays a larger role in the financial ecosystem, companies are looking for ways to use tech to solve problems and find new opportunities in the space. One popular approach: in-house financial innovation labs. Fidelity — Fidelity Center for Applied Technology (FCAT) and Fidelity Labs. Visa — One Market Center.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

NOVEMBER 3, 2019

Huang Qifan, vice chairman of the China International Economic Exchange Center (CCIEE), revealed at the Bund Financial Summit 2019 in Shanghai that the People’s Bank of China will be launching a yuan-pegged Sovereign Digital Currency, likely becoming the first central bank in the world to launch a digital currency. “We

blockchain 101

blockchain Software Fintech Maine 101

CFPB Monitor

JUNE 5, 2019

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). The provisions requiring Wyoming’s Banking Commissioner and Secretary of State to adopt implementing regulations became effective on February 19, 2019.

Wyoming 60

Wyoming Fintech Arizona Financial Technology 60

CFPB Monitor

JANUARY 9, 2020

The CFPB and Utah AG’s Office have announced that they will hold the first joint office hours as part of the American Consumer Financial Innovation Network (ACFIN). ACFIN is a network of federal and state regulators that may include state attorneys general, state financial regulators, and federal financial regulators.

Utah 78

Utah South Carolina Tennessee Arizona 78

PYMNTS

JUNE 8, 2020

I look forward to working with the Paytronix team to bring its industry-leading innovation, including contactless ordering for table service … to markets around the globe,” said Porter. Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region.

Industry 130

Industry Payments Austin Boston 130

PYMNTS

JANUARY 7, 2019

The bill , titled the “Financial Technology Sandbox Act,” was introduced as 2019 dawned, and will allow new financial products to be tested in the state. Closer to home, in Wyoming, a bill has debuted in the state legislature to create a FinTech sandbox.

Lending 150

Lending Fintech Data Wyoming 150

PYMNTS

AUGUST 12, 2019

According to Reuters , SoftBank “is in advanced talks to invest in Mexican used car platform Kavak and financial technology firm Konfio, several people familiar with the matter said, underscoring the company’s interest in Mexico as it pours money into Latin America. The latest evidence of that comes via Japan-based SoftBank.

Trends 115

Trends Online Report America 115

PYMNTS

MAY 17, 2019

In other recent funding news in the financial technology space, Barclays invested $12.9 Bink wrote in a tweet at the time, “Great start to 2019! As it stands, almost 200,000 desktops at over 1,500 banks as well as buy-side firms tap into the company’s operating system. The company is headquartered in London and New York.

Software 134

Software New York Risk Management System 134

PYMNTS

AUGUST 12, 2019

Simply put, that means consumers’ retail experiences tend to inform their expectations for financial services, said Jim Johnson, executive vice president of FI payments and wealth for FIS , in a new PYMNTS interview with Karen Webster. FIS provides core banking and financial services technology for some 20,000 clients in 130 countries.

Payments 188

Payments Fintech US Innovation 188

PYMNTS

OCTOBER 9, 2019

In other Federal Reserve news , the organization’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft of the Payments Modernization Act of 2019. However, reception for the initiative was not universally positive. payments ecosystem.

Cards 152

Cards Kansas City Kansas Lending 152

PYMNTS

OCTOBER 16, 2019

Money laundering has always troubled financial institutions, but today’s digital banking system creates additional complexities as fraudsters around the world take advantage of financial technologies. According to a KPMG study , 63 percent of financial institutions use transaction monitoring based on rules and machine learning.

Compliance 123

Compliance Fraud Study Digital Banking 123

PYMNTS

SEPTEMBER 27, 2019

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the development of FedNow and its U.S.

Data 122

Data North Carolina Kansas City Payments 122

PYMNTS

MAY 5, 2020

Open application programming interfaces (APIs) are playing an increasingly important role in the financial industry as the field grows increasingly digital. APIs allow banks and technology providers to coordinate development much more easily, enabling the creation of innovative new products and services for functions such as B2B payments.

Payments 200

Payments United States Software Cards 200

PYMNTS

JANUARY 21, 2019

The firm’s Business Leaders Outlook report, published earlier this month, found that the majority of SMBs expect revenue, sales and profit increases in 2019, with executives turning to hiring activity and technological innovation as drivers of their success. ” The First Step — And Beyond. Looking Ahead.

System 188

System Payments Technology Tools 188

Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet.

Fintech 194

Fintech Community Regional Technology 194

Independent Banker

MAY 31, 2022

Fintel Connect CEO Nicky Senyard concurs: “With our partnership, Finzly solves part of the problem, giving banks access to technology that will help them be more efficient, and the next thing you need is to identify new customers, which is where we come into play. It’s very much a one-two punch.”. Recognizing synergies …. . …

Community Bank 146

Community Bank Community Maryland US 146

PYMNTS

SEPTEMBER 27, 2019

The Federal Reserve’s buildup to faster payments innovation came to a head in August when it announced FedNow , its proposed real-time payments infrastructure under the draft Payments Modernization Act of 2019. House Committee on Financial Services Task Force on Financial Technology held a hearing Thursday (Sept.

Payments 174

Payments Kansas City Community Bank Community 174

PYMNTS

DECEMBER 17, 2018

A financial technology company called B-Social has raised £3.2 launch in February of 2019. “We We recognise that almost all financial transactions are inherently social,” B-Social CEO Nazim Valimahomed said. “We million ($4 million) in funding from undisclosed but high net-worth entities, according to reports.

Fintech 176

Fintech Groups Lending Financial Technology 176

PYMNTS

JANUARY 3, 2020

Might the coming year be marked by innovation at the point of sale (POS)? The education space needs innovative payment processes. 52 Monday Conversations About Payments In 2019. Now in its third annual edition, 52 Mondays 2019 showcases those columns. Who Won 2019’s Race For The Consumer’s Whole Paycheck.

Payments 108

Payments Samsung America Trends 108

PYMNTS

JANUARY 25, 2019

It is, in part, why businesses are digitizing and adopting technology, as they look toward software solutions that can unlock information more quickly. Yet, the technology has remained largely unchanged in the decades since it first launched, and even brief unreliability can cause a company to lose out.

Data 173

Data Survey Analysis Software 173

PYMNTS

NOVEMBER 22, 2017

The Asia-Pacific region is a rising star in FinTech innovation, but this week, the blockchain spotlight landed on Singapore as more distributed ledger initiatives from the private and public sectors took major steps forward. The nation’s excitement over distributed ledger technology (DLT) cannot be ignored.

blockchain 134

blockchain Fintech Innovation Report 134

PYMNTS

JANUARY 24, 2020

In Canada, where cash usage has declined 40 percent in the past five years, digital dollars comprised roughly three-quarters of overall payment transactions in 2019. Mastercard teamed up with Galileo Financial Technologies to do the same for freelancers. From other provinces comes happy news that changes are well underway.

Video 132

Video User Experience Payments Study 132

PYMNTS

APRIL 10, 2020

Apple Pay’s usage rate declined modestly from 2019 and to an even greater extent from late 2017, when it peaked at 6.9 Usage of Walmart Pay declined to an even greater degree since 2019, from 4.5 The ones that aren’t innovating, Burkhart said, might not emerge at all. In fact, consumers were arguably more resistant than ever.

Mobile 170

Mobile Payments Cards Branding 170

PYMNTS

JUNE 27, 2019

That has been the experience at CO-OP Financial Services , President and CEO Todd Clark told Karen Webster in a recent conversation. The market has been alive with all kinds of mergers and acquisitions (M&A) in payments, and among credit unions and banks, during the first half of 2019, and Clark sees that trend continuing.

Payments 100

Payments ATM Lending United States 100

CB Insights

APRIL 22, 2020

Nearly 50% of 2019 funding was concentrated in 83 mega-rounds ($100M+) totaling $17.2B. Aid-related or not, alternative (non-bank) lenders have an opportunity to step in and demonstrate technological advantage over incumbent lenders through faster loan processing and payment. GET THE 102-PAGE State of fintech REPORT.

Fintech 87

Fintech Lending Online Examples 87

Gonzobanker

MARCH 26, 2019

These major vendors are pursuing strategies to gain scale and build the firepower to invest in new technologies and customer experience capabilities. We expect changes to be announced as the details of the consolidation of both processors unfold in Q4 2019. Future Innovation? Payments in the Middle of Shareholder Value.

Community Bank 76

Community Bank Technology Payments Innovation 76

PYMNTS

APRIL 18, 2019

The Wave financial technology platform, he said, at base, is designed to handle the bookkeeping and tax complexities for its micro-merchant customers as they generate invoices and collect funds. Getting their debit card out of their wallet is easy, familiar and simple.”.

Taxes 226

Taxes Payments Cards User Experience 226

William Mills

FEBRUARY 4, 2016

No-cost report chronicles emerging technologies and insights driving financial institution technology plans. William Mills Agency, a premier financial public relations and marketing services company, released its 13th annual financial services industry research report, Bankers As Buyers 2016.

Report 40

Report Big Data Analytics Strategy 40

PYMNTS

JUNE 27, 2019

And while the continual drumbeat of announcements from various players looking to find new and inventive ways to apply distributed ledger technology to various parts of Brazil’s financial services industry has something of a tendency to stand out, digital payments and banking news in general has been coming quick and constant.

blockchain 147

blockchain Payments Regional America 147

CFPB Monitor

AUGUST 8, 2019

The CFPB, in its July 2019 fair lending report, discussed supervisory reviews of alternative credit scoring models. Lawmakers are also focusing on the use of algorithms by consumer financial services providers. Both task forces held their first meetings in June.

Data 60

Data Lending Compliance Policies 60

CFPB Monitor

SEPTEMBER 13, 2018

The TDP Policy relies on the Bureau’s authority under Dodd-Frank Section 1032(e) to permit providers of consumer financial services and products “to conduct a trial program that is limited in time and scope, subject to specified standards and procedures, for the purpose of providing trial disclosures to consumers.”

Policies 60

Policies Arizona Regulation Innovation 60

Fintech Labs Insights

SEPTEMBER 24, 2020

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Watch 8 Fintech Startups Pitch at Innovate Finance Pitch360 Finals. A nice gain on paper for Eastern’s 25% initial stake. They are off to a great start.

Fintech 15

Fintech Boston Tools Innovation 15

Fintech Labs Insights

SEPTEMBER 24, 2020

This week we look at Monit , a Boston-based startup innovating in our favorite sector, small biz banking. Funding : $750k per Crunchbase (as Signal Financial Technology). Related: Watch 8 Fintech Startups Pitch at Innovate Finance Pitch360 Finals. Monit explainer (3 minutes). Can Eastern do it again with Monit?

Boston 15

Boston Fintech Tools Innovation 15